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Aptiv cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$194M in Q3 2026 · $393M over twelve months

Operating cash flow$320M
Capital spending−$126M
Free cash flow+$194M
Cash / net income1.6×
Cash conversion cycle78 days

Analysis

In Q3 2026, Aptiv generated $320M of operating cash flow and spent $126M on capital projects, leaving free cash flow of $194M. That is $291M less than in Q3 2025 ($485M).

Over the twelve months to Sep 30, 2026, operating cash flow was $1.1B; the largest uses were net borrowing (+) / repaid (−) ($2.3B), buybacks ($859M), capital spending ($694M); besides operations, cash came from other financing ($1.9B), asset & business sales ($11.0M); the cash balance fell by $965M.

Operating cash flow was $320M against net income of $194M — 1.6× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$247M, inventory −$163M, receivables −$72.0M.

Its cash conversion cycle was 78 days (receivables 71 + inventory 78 − payables 71).

Free cash flow

Aptiv: free cash flow by quarterAptiv: free cash flow by quarter$894MQ4 2024$76.0MQ1 2025$440MQ2 2025$485MQ3 2025$528MQ4 2025−$362MQ1 2026$33.0MQ2 2026$194MQ3 2026
Operating cash flow less capital spending.
Aptiv: operating cash flow against capital spendingAptiv: operating cash flow against capital spendingOperating cash flowCapital spending$1.1B$166MQ4 2024$273M$197MQ1 2025$510M$70.0MQ2 2025$584M$99.0MQ3 2025$818M$290MQ4 2025−$143M$219MQ1 2026$92.0M$59.0MQ2 2026$320M$126MQ3 2026
Latest (Q3 2026): Operating cash flow $320M, Capital spending $126M.

Capital allocation, year by year

Aptiv: where the cash came from (up) and went (down), by fiscal yearAptiv: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingAsset salesCapital spendingAcquisitionsBuybacksFY2021: Operating cash flow $1.2BFY2021: Net borrowing $1.4BFY2021: Asset sales $9.0MFY2021: Capital spending −$611MFY2021: Acquisitions −$130M$2.6BFY2021FY2022: Operating cash flow $1.3BFY2022: Net borrowing $2.5BFY2022: Asset sales $4.0MFY2022: Capital spending −$844MFY2022: Acquisitions −$4.3B$3.7BFY2022FY2023: Operating cash flow $1.9BFY2023: Net borrowing −$28.0MFY2023: Asset sales −$13.0MFY2023: Capital spending −$906MFY2023: Acquisitions −$83.0MFY2023: Buybacks −$398M$1.9BFY2023FY2024: Operating cash flow $2.4BFY2024: Net borrowing $1.9BFY2024: Asset sales $6.0MFY2024: Capital spending −$830MFY2024: Buybacks −$4.1B$4.4BFY2024FY2025: Operating cash flow $2.2BFY2025: Net borrowing −$762MFY2025: Asset sales $16.0MFY2025: Capital spending −$656MFY2025: Buybacks −$397M$2.2BFY2025
Over these 5 years operating cash flow totalled $9.0B; the largest uses were buybacks ($4.9B) and acquisitions ($4.5B). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$670M
Debt$7.7B
Net debt$7.0B
Due within a year$81.0M

Aptiv funds itself: free cash flow was $393M over the last twelve months, and $670M of cash and investments stands against $7.7B of debt ($81.0M due within a year, 8.3× covered by cash).

Aptiv: debt maturities by year (FY2025)Aptiv: debt maturities by year (FY2025)$81.0MYear 1$2.0MYear 2$588MYear 3$668MYear 4$6.3BAfter year 5
Principal due in each year as disclosed in the annual report, against $670M of cash and investments now.

Where the cash came from and went

Aptiv: sources (+) and uses (−) of cash, Q3 2026Aptiv: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$320MBuybacks−$236MCapital spending−$126MCash drawn (+) / kept (−)$87.0MOther financing−$27.0MOther investing−$25.0MExchange rates$9.0MAsset & business sales−$1.0MTaxes on employees’ shares−$1.0M
Aptiv: sources (+) and uses (−) of cash, TTM to Q3 2026Aptiv: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)−$2.3BOther financing$1.9BOperating cash flow$1.1BCash drawn (+) / kept (−)$965MBuybacks−$859MCapital spending−$694MTaxes on employees’ shares−$38.0MAcquisitions−$25.0MAsset & business sales$11.0MExchange rates$11.0MOther investing−$9.0M

From profit to cash

Aptiv: net income to operating cash flow, Q3 2026Aptiv: net income to operating cash flow, Q3 2026Net income$194MDepreciation & amortization$247MStock-based pay$22.0MDeferred taxes$7.0MImpairments$14.0MReceivables−$72.0MInventory−$163MPayables$50.0MPrepaid and other assets$18.0MOther operating capital−$13.0MOperating cash flow$320M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
QuarterReceivable daysInventory daysPayable daysCash conversion cycle
Q3 202671787178
Q2 202687879381
Q1 202651495247
Q4 202550485246
Q3 20251099711888
Q2 20251039010984
Q1 202564556652
Q4 202465576853

Every quarter

QuarterOperating cash flowCapital spendingBuybacksNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q3 2026$320M−$126M−$236M—$87.0M$194M
Q2 2026$92.0M−$59.0M−$246M−$1.8B$2.4B$33.0M
Q1 2026−$143M−$219M−$76.0M$1.3B−$1.3B−$362M
Q4 2025$818M−$290M−$301M−$152M−$211M$528M
Q3 2025$584M−$99.0M−$96.0M−$147M−$194M$485M
Q2 2025$510M−$70.0M—−$45.0M−$348M$440M
Q1 2025$273M−$197M—−$279M$473M$76.0M
Q4 2024$1.1B−$166M—−$724M−$520M$894M

Aptiv: income statement and cash flow

Aptiv, Q3 2026: revenue $3.2B (+2% year over year), operating margin 8.8%. The chart follows the revenue to costs, profit and cash.

Aptiv: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.